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Gareth Vaughan

About

Gareth is editor of interest.co.nz and has worked for more than 20 years as a financial journalist in New Zealand and the United Kingdom. He has received awards in the EY Business Journalism Awards, Canon Media Awards, and Shareholders' Association Business Journalism Awards.

Member for

15 years 8 months

Latest articles

Analysts see mounting pressure on interest-only borrowers hitting house prices
Adopting more conservative living expense assumptions and interest rate buffers sees Aussie parents of NZ's major banks tighten the screws on residential mortgage lending
15th Jun 17, 11:36am
by Gareth Vaughan
Adopting more conservative living expense assumptions and interest rate buffers sees Aussie parents of NZ's major banks tighten the screws on residential mortgage lending
Why NZ regulators must work closely with their counterparts overseas
The FMA's court victory over Innovative Securities shows what NZ regulators are up against with the FSPR, and why they need to cooperate with their overseas counterparts
15th Jun 17, 5:02am
by Gareth Vaughan
1
The FMA's court victory over Innovative Securities shows what NZ regulators are up against with the FSPR, and why they need to cooperate with their overseas counterparts
Has the RBNZ missed the boat on DTIs?
Gareth Vaughan suggests that whoever is in government after the September 23 election, the RBNZ's unlikely to get a DTI tool and largely has itself to blame
14th Jun 17, 5:02am
by Gareth Vaughan
36
Gareth Vaughan suggests that whoever is in government after the September 23 election, the RBNZ's unlikely to get a DTI tool and largely has itself to blame
Macro-prudential tools are used temporarily. But how long is temporary?
The RBNZ floats the idea of macro-prudential tools such as LVR and DTI restrictions becoming permanent fixtures of the borrowing and lending landscape
13th Jun 17, 5:02am
by Gareth Vaughan
6
The RBNZ floats the idea of macro-prudential tools such as LVR and DTI restrictions becoming permanent fixtures of the borrowing and lending landscape
TSB finally comes clean on Harmoney lending
TSB Bank says it has lent $50 mln in unsecured consumer lending through P2P lender Harmoney
9th Jun 17, 10:24am
by Gareth Vaughan
18
TSB Bank says it has lent $50 mln in unsecured consumer lending through P2P lender Harmoney
RBNZ says banks' high DTI data is 'erroneously high'
The RBNZ says debt to income restrictions could prevent about 10,000 borrowers from buying a house, reduce house sales volumes by about 9%, trim house prices and credit growth by up to 5%, and shave 0.1% off GDP
9th Jun 17, 7:49am
by Gareth Vaughan
48
The RBNZ says debt to income restrictions could prevent about 10,000 borrowers from buying a house, reduce house sales volumes by about 9%, trim house prices and credit growth by up to 5%, and shave 0.1% off GDP
Commerce Commission's Harmoney case narrowed but intact
First skirmish in the Commerce Commission's fees court case against P2P lender Harmoney results in something of a draw
8th Jun 17, 4:37pm
by Gareth Vaughan
First skirmish in the Commerce Commission's fees court case against P2P lender Harmoney results in something of a draw
Seven ways to boost household savings
ANZ's Cameron Bagrie suggests New Zealanders may be ready to 'eat broccoli' by making some hard economic decisions such as implementing a comprehensive capital gains tax
7th Jun 17, 12:33pm
by Gareth Vaughan
78
ANZ's Cameron Bagrie suggests New Zealanders may be ready to 'eat broccoli' by making some hard economic decisions such as implementing a comprehensive capital gains tax
ANZ processing error hits 51,000 KiwiSavers
ANZ seeking tax credit compensation for 51,000 KiwiSavers after bank discloses processing error that led to lower tax credits than savers should have received
7th Jun 17, 10:50am
by Gareth Vaughan
7
ANZ seeking tax credit compensation for 51,000 KiwiSavers after bank discloses processing error that led to lower tax credits than savers should have received
Big jump in Rabobank NZ's impaired assets
Rabobank's annual surge in impaired assets highlights the pressures felt in dairy sector over the past couple of years
6th Jun 17, 11:05am
by Gareth Vaughan
2
Rabobank's annual surge in impaired assets highlights the pressures felt in dairy sector over the past couple of years
BNZ CFO Adrienne Duarte quits
Adrienne Duarte, BNZ's chief financial officer, to leave the bank next month
2nd Jun 17, 12:15pm
by Gareth Vaughan
3
Adrienne Duarte, BNZ's chief financial officer, to leave the bank next month
Can banks bolster deposit funding by increasing their interest rates?
Shock, horror, the RBNZ concludes banks' ability to attract household deposit funding is sensitive to the interest rates they offer savers
2nd Jun 17, 10:01am
by Gareth Vaughan
15
Shock, horror, the RBNZ concludes banks' ability to attract household deposit funding is sensitive to the interest rates they offer savers
The squeeze goes on the big five banks
Big banks' net interest margins take a hit in the March quarter with cost-to-income ratios also under some pressure
2nd Jun 17, 9:44am
by Gareth Vaughan
Big banks' net interest margins take a hit in the March quarter with cost-to-income ratios also under some pressure
'The issue is specific to Kiwibank'
Kiwibank 'deconsolidates' bond issuing vehicle at a cost of $1.1 mln to resolve capital standoff with the RBNZ
1st Jun 17, 4:39pm
by Gareth Vaughan
Kiwibank 'deconsolidates' bond issuing vehicle at a cost of $1.1 mln to resolve capital standoff with the RBNZ
RBNZ 'closely monitoring' lending growth at small banks
The RBNZ notes small banks have doubled their share of new mortgage commitments since 2014, and that rapid lending growth carries risk
1st Jun 17, 9:47am
by Gareth Vaughan
1
The RBNZ notes small banks have doubled their share of new mortgage commitments since 2014, and that rapid lending growth carries risk
A debt-to-income ratio above 5 - 'that's pretty high'
RBNZ gives clearest signals yet how and where it could pitch a debt-to-income ratio restricting tool for mortgage borrowers, and which type of borrowers would be targeted
31st May 17, 12:19pm
by Gareth Vaughan
109
RBNZ gives clearest signals yet how and where it could pitch a debt-to-income ratio restricting tool for mortgage borrowers, and which type of borrowers would be targeted
Directors of Kiwibank funding vehicle changed to placate the RBNZ
No early repayment of 2 Kiwibank bond issues worth a combined $250 mln that are no longer regarded as capital by the RBNZ
30th May 17, 10:24am
by Gareth Vaughan
No early repayment of 2 Kiwibank bond issues worth a combined $250 mln that are no longer regarded as capital by the RBNZ
UDC investors offered 'success-based participation fee' for key takeover vote
UDC Finance depositors offered financial incentive to vote at key meeting ahead of proposed sale of the finance company to HNA Group by ANZ
29th May 17, 5:02pm
by Gareth Vaughan
6
UDC Finance depositors offered financial incentive to vote at key meeting ahead of proposed sale of the finance company to HNA Group by ANZ
Westpac NZ must repay NZ$900m to parent
Westpac NZ's repayment requirement stemming from an APRA directive bounces back up to NZ$900 mln after halving to NZ$500 mln
29th May 17, 3:41pm
by Gareth Vaughan
Westpac NZ's repayment requirement stemming from an APRA directive bounces back up to NZ$900 mln after halving to NZ$500 mln
Would-be new UDC owner doesn't expect higher funding costs
TIP Trailer Services boss Bob Fast on the plans for NZ's biggest finance company UDC under new, Chinese ownership
26th May 17, 5:02am
by Gareth Vaughan
3
TIP Trailer Services boss Bob Fast on the plans for NZ's biggest finance company UDC under new, Chinese ownership
Incoming Aussie bank levy could be increased
Deutsche Bank analysts suggest the Australian Government's bank levy may be hiked given it's set to raise less money than expected
25th May 17, 12:46pm
by Gareth Vaughan
Deutsche Bank analysts suggest the Australian Government's bank levy may be hiked given it's set to raise less money than expected
Singapore's Fullerton distances itself from New Zealand's Fullerton
'Investors and customers [should] properly assess the businesses from whom they procure goods or services, and do not presume similar names are necessarily related'
23rd May 17, 5:11pm
by Gareth Vaughan
8
'Investors and customers [should] properly assess the businesses from whom they procure goods or services, and do not presume similar names are necessarily related'
Housing & healthcare seen as key Budget issues
Poll suggests New Zealanders view housing and healthcare as the two key issues for Finance Minister Steven Joyce to address in this week's Budget
23rd May 17, 12:25pm
by Gareth Vaughan
Poll suggests New Zealanders view housing and healthcare as the two key issues for Finance Minister Steven Joyce to address in this week's Budget
Big drop in BNZ's March quarter net interest margin
BNZ March quarter profit slides 26% as expenses grow 4% and operating income falls 16%, breaches banking registration
22nd May 17, 4:18pm
by Gareth Vaughan
BNZ March quarter profit slides 26% as expenses grow 4% and operating income falls 16%, breaches banking registration
This week's Top 10
Gareth Vaughan & David Chaston with charts, charts & more charts; Auckland house prices, gold, Basel & the mortgage boom, 5,000 years of interest rates, credit default swaps & more
19th May 17, 10:02am
by Gareth Vaughan
35
Gareth Vaughan & David Chaston with charts, charts & more charts; Auckland house prices, gold, Basel & the mortgage boom, 5,000 years of interest rates, credit default swaps & more